FORUMS > The Sin Bin > Coalition to break? |
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| Quote: XBrettKennyX "No no no Coddy.............
Having a mass consensus of left wingers who shout people down behind their keyboards does not constitute them being "handed their s on a plate"....'"
So you've no facts or figures then, just as I thought.
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| Quote: XBrettKennyX "Well, I have lived through the recession around 1990-1994 (at least that's when I felt it the most), and lived through the "boom years" 2000-2009.
It's a very simple point that requires no statistics.
'"
Quite obviously you don't require any statistics to argue your bollax, we can all see that quite clearly.
What happened 95-97, you've lost three years off your last "statistics".
Oh, and '90 has been added now, so the previous Tory administration had us in recession from 1990 to 1997 - I can see now why the current incumbants seem to think that we've seen nothing yet.
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| Quote: XBrettKennyX "Utter tripe.
Labour were in power at the crest of an economic upside, 1991-97 was one of the worst post war recessions.'"
You really, really ought to do a bit of research before making yourself look a complete twit.
Here is a list of recessions in the UK since 1900https://en.wikipedia.org/wiki/List_of_recessions_in_the_United_Kingdomrl
As you can see the recession in the 90's lasted a total of 5 quarters in the years 1990-1992. That is 1 1/4 years not 6 years!
What that means is - if you look at that graph I posted is that the Tories ran a deficit when we were not in recession for about 4 1/2 years. So you do not have a point at all as they ran large deficits on an economic upside as well.
Then again I suppose you could be trying to excuse the Tory deficit of the 90's as spending their way out of recession (we were no longer in!) but that can't be right or you would be calling for the same thing now wouldn't you instead of harping on about paying off the "credit card bill"?
What is also interesting about the list of recessions table is the "causes" column. Both the 1990-1992 recessions and the 2008-2009 recessions were caused by external factors. US savings and loan collapse in 1990-1992 and the financial crisis in 2008. In both cases the recessions lasted 1 1/4 years.
The causes of the latest recession are Fiscal retrenchment and the Euro crisis which means it is at least partly "Made in Britain" by the current government trying to pay off the "credit card bill" as you simplistically call it too quickly. It is also the first double dip recession since 1975.
So it seems to me in your attempt to excuse what went on in the 1990's you are arguing against current government policy. You seem a tad confused.
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| Quote: DaveO "
Before the financial crisis of 2008 Labour ran a[b] deficit for 6 years which totaled £201029bn.] The Tories ran a deficit for the last 6 years of their last government up to 1997 totaling £222788bn. They had a bigger "credit card bill" than Labour.
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I am convinced your "facts" are wrong.
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| Quote: XBrettKennyX "Well, I have lived through the recession around 1990-1994 (at least that's when I felt it the most), and lived through the "boom years" 2000-2009.
It's a very simple point that requires no statistics.
It's much easier to balance the books in times of boom than it is in times of bust.'"
Quit while you still have some dignity left.
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| Quote: Dally "I am convinced your "facts" are wrong.'"
If you add the figures up for the years in question that is the total. So why are you convinced they are wrong?
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| Once again, the wall of text from the Lefties.
Is it any wonder people can't be bothered debating on here?
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| Quote: XBrettKennyX "Once again, the wall of text from the Lefties.
Is it any wonder people can't be bothered debating on here?'"
You're not debating, you are putting over a point of view and when it gets challenged you are sticking your fingers in your ears.
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| Quote: Big Graeme "You're not debating, you are putting over a point of view and when it gets challenged you are sticking your fingers in your ears.'"
How ironic..........
Your first post in response to me was
Quote: Big Graeme "No they didn't. Until our wonderful banking institutions decided to play fast and loose we had a very good balance of payments. Facts hey, tricky things.'"
Fantastic debating skills. Not only do you offer no counter to the argument, you then bizarely bring up a completely seperate issue, BOP.
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| Quote: XBrettKennyX "How ironic..........
Your first post in response to me was
Fantastic debating skills. Not only do you offer no counter to the argument, you then bizarely bring up a completely seperate issue, BOP.'"
There was nothing to argue against FFS, to make a matter of opinion with nothing to back it up is not debating, when challenged you make more statements, shift dates and still produce nothing to back up your statements, again not debating.
If you think the current situation and the banking collapse are separate issues then we have nothing to debate, you simply don't have the first clue what you are talking about.
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| Quote: XBrettKennyX "
Fantastic debating skills. Not only do you offer no counter to the argument, you then bizarely bring up a completely seperate issue, BOP.'"
You have not offered a single counter argument to my responses to your posts other than posting the nonsense that we were in recession from 1991-1997. Making stuff up doesn't count as debating. HTH.
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| Quote: DaveO "If you add the figures up for the years in question that is the total. So why are you convinced they are wrong?'"
Look at your figures again they are ludicrous.
You are suggesting that the "deficit" was running at c. 20 times annual GDP for 6 years running. Who on Earth would have lent us the money if that were the case? What would the current debt be as a percentage of GDP!!??
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| Quote: DaveO "If you add the figures up for the years in question that is the total. So why are you convinced they are wrong?'"
I'll make it simple for you - they are out by a factor of c. 1,000! Which goes to show you ain't actually got the faintest idea of what you are talking about, you have just done websearches, picked out some figures which you wholly misinterpreted because you simply don't understand them.
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| Quote: Dally "I'll make it simple for you - they are out by a factor of c. 1,000! Which goes to show you ain't actually got the faintest idea of what you are talking about, you have just done websearches, picked out some figures which you wholly misinterpreted because you simply don't understand them.'"
Oh dear
This is the danger with quoting statistics without standing back and interpeting them.
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| Quote: Dally "Look at your figures again they are ludicrous.
You are suggesting that the "deficit" was running at c. 10 times annual GDP for 6 years running. Who on Earth would have lent us the money if that were the case? What would the currect debt be as a percentage of GDP?'"
They are not "my" figures and you clearly have not read the post properly.
I saidtotaled £201029bn. The Tories ran a deficit for the last 6 years of their last government up to 1997 totaling £222788bn. "
That is this was the total deficit for 6 years not that they ran these deficits every year for 6 years which is clearly how you must have read it
So to spell it out for you:
Labour deficit:
2002 - 19046
2003 - 35050
2004 - 37840
2005 - 42399
2006 - 31801
2007 - 34893
Add that up and you get £201029bn
Tory deficit:
1991 - 17976
1992 - 40155
1993 - 50869
1994 - 45945
1995 - 38603
1996 - 29240
Add that up and you get £222788bn
Both totals represent the combined deficit both governments racked up over a SIX YEAR period when in office.
Now what is ludicrous about any of this?
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